Sell NZD/USD – 30M – SELL

The combination New Zealand Dollar/US Dollar (NZD/USD) goes from the bullish trendline down.

A bearish movement downwards to the next support level at 0.59434 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.59955 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.595455 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 0.59955 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Support & Resistance Price Range*
3rd High 0.60131
2nd High 0.60007
Next High 0.59955
Current Price 0.59695
Next Low 0.59434
2nd Low 0.59393
3rd Low 0.59136

0.59955 – 0.59935 – 0.59771 – 0.59434 – 0.59613 – 0.59393

Download NZD/USD Signal Image

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